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Barton works as a freelance reporter covering stories in State F, a member state of the EU. Her revealing stories, which she sells to a variety of progressive independent newspapers throughout the EU, have caused a great deal of embarrassment to a certain minister in the State F government, and the minister has asked the State F parliament to pass a law forbidding foreign news reporters from working in State F without the permission of that minister’s office. Parliament has asked State F’s attorney general for an opinion on the legality of the minister’s request in light of State F’s membership in the EU. What advice should the attorney general give Parliament? Discuss.
A price taking firm chooses its inputs to maximize short-run profits. Its Cobb-Douglass production function has the following form: q(L, K) = L^(1/2) K ^(1/3). Set up the profit function in terms of labor only. Another price taking firm chooses its i..
The unemployment rate is, along with GDP and inflation, one of the major economic variables used to assess the health of the economy. However, many critics point to shortcomings in the calculation and overall interpretation of the unemployment rate. ..
The primary reason women tend to be paid less than men on average is: The expected rate of profit is greater than the interest rate.
q.qd 2000 - 25 p 2 a where p represents cost as well as a is the number of weekly advertisements. presently the
Does this information surprise you? Does it mean that young people are less likely to become pregnant, or does it means that abortion rates are increasing? What do you think are some reasons for the decline in teenager births as a share of total?
Suppose the Fed purchases $1,000 worth of Treasury bonds. Suppose also that the required reserve ratio is 10%. How much money will be created in the banking system?
Reverse Innovation is the strategy of innovating in emerging (or developing) markets and then selling these innovations in developed markets.
Explain how unlimited desires and limited resources combine to create the need for economic analysis Assignment: What does it mean for individuals to have unlimited wants? Why can’t individuals have everything they want?
Homemakers are not included in the employment or labor force totals compiled by the Bureau of Labor Statistics household survey. They are included in the working-age population totals. Suppose that homemakers were counted as employed and included in ..
Suppose that the long-run aggregate supply curve (potential output, Y is vertical at Y = $3,000 while the short-run aggregate supply curve is horizontal at P = 1.0 (and once again, P = 1.0 is the SRAS Curve, in other words). If the macro economy is i..
Which of the following conditions may make predatory pricing by incumbents rational?
The XYZ Printing Co. wants to calculate the cost of adding a third machine. Comment on the following statement made by the company accountant: “If we add a third printing press, our total costs will increase from $870 to $960. Therefore the marginal ..
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